There numerous gold coins that you cannot use for the purpose of your gold investing in your precious metals IRA. Take special note, that there are also quite a few widely-popular coins that are actually not eligible for gold investing in your precious metals IRA. Below, please find a list of some of these gold coins:
Gold Bullion Coins NOT Allowed in a Precious Metals IRA
Chinese Panda coins
Chilean 100 Peso coins
French Napoleon coins
French 20 Franc coins
Dutch 10 Guilder coins
Israel Tower of David coins
Italian Lira coins
Mexican Peso coins
United Kingdom Sovereign coins
UK Britannia coins
Swiss 20 Franc coins
South African Krugerrand coins
Somalia Elephant coins
Switzerland Vreneli coins
USSR Chervonet coins
US Liberty coins
US Double Eagle coins
Other than the above noted coins, you should refrain from investing in all numismatics, collectors and commutative gold coins in your precious metals IRA. Though sold at unreasonably high prices, none of these coins is meant for the purpose of gold investing in a precious metals IRA. You should be careful, as many sales persons will try to convince you to buy such “special”, “limited edition” or “rare’ coins. In fact, such gold coins are steeply priced, with just a couple of them rarely getting you more than what you paid at the time of buying these gold coins.
